Business
Govt considers Vodafone share sale to ‘sovereign’ body
October 23, 2014
Govt considers Vodafone share sale to ‘sovereign’ body
The Ministry of Electricity is considering a suggestion to sell state-owned Telecom Egypt’s 45-percent share in Vodafone Egypt to a…
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
October 23, 2014
Mehleb: US$12 billion in international arbitration cases against Egypt, our position is ‘weak’
Prime Minister Ibrahim Mehleb said Wednesday that the total number of international arbitration cases filed against the government amounted to…
Doma steps down as CEO of OTMT, Sawiris takes charge
October 23, 2014
Doma steps down as CEO of OTMT, Sawiris takes charge
Orascom Telecom Media and Technology Holding announced Thursday that Ahmed Abou Doma has stepped down as a member of the…
BG in talks to import gas to Egypt from Cyprus
October 23, 2014
BG in talks to import gas to Egypt from Cyprus
BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the…
EGX30 jumps 2.07% on Wednesday pushes by Moody’s report, gains LE6 billion
October 22, 2014
EGX30 jumps 2.07% on Wednesday pushes by Moody’s report, gains LE6 billion
The Egyptian stock exchange rose for a third session on Wednesday, pushed by Moody's report concerning the change of five…
Minister: Egypt Negotiates with BPI to set up power plant
October 22, 2014
Minister: Egypt Negotiates with BPI to set up power plant
Electricity for Egypt Holding Company signed a memorandum of understanding with Benchmark Power International (BPI) to construct power plant in…
Stock market halves documents required for registration
October 22, 2014
Stock market halves documents required for registration
Egypt’s Stock Market announced on Wednesday reducing the number of documents required for registering a company’s shares in the market…
Middle Eastern equity issuance totals US$5.1 billion in the first nine months of 2014
October 22, 2014
Middle Eastern equity issuance totals US$5.1 billion in the first nine months of 2014
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis…
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
October 22, 2014
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Moody’s Investors Service on Wednesday changed the outlook on the long term local currency deposit ratings of five Egyptian banks from negative to…
Egypt turns to illegal buildings to tackle housing crisis
October 22, 2014
Egypt turns to illegal buildings to tackle housing crisis
Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to…